Why do we find coefficient of range?
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The coefficient of range is a number that tells us about the “spread” of the data. If the coefficient of range is high it means that the data is “spread apart” and there is high variation in the data values whereas if it is low then it means that the data points are clustered close to each other.
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The coefficient of range is a number that tells us about the “spread” of the data. If the coefficient of range is high it means that the data is “spread apart” and there is high variation in the data values whereas if it is low then it means that the data points are clustered close to each other.
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